USDCAD posted the biggest daily slump in six years on Friday and pushed back the bulls. The bears, however, have a long way to cover before taking control as a 15-month-old rising trend line, around 1.3330 by the press time, defends the upside expectations. Even if the quote breaks the said key support, the 61.8% Fibonacci retracement of August-October upside,...
Trading Ideas- Long positions above 1.3397 with targets at 1.3976 & 1.4168 Alternative scenario If price goes down 1.3397 look for 1.3204 & 1.2955 as targets. Supports and resistances 1.3204 & 1.2955 1.3976 & 1.4168
The price after passing through the accumulation phase moved along the upward phase and then distribution phase occurs. Prices are choppy, sellers prevail, and the end of the rally is near. In the mark down phase, our first target will be near about 1.33635
USDCAD crossed a one-week-old resistance the previous day but stayed on the way to the first monthly loss in three inside a fortnight-long bearish channel. That said, the 100-SMA level surrounding 1.3725 acts as an immediate hurdle to test the pair buyers before directing them to the stated channel’s upper line, close to 1.3745 at the latest. Following that, there...
USDCAD Sell trade opportunities Overall its a sell trend that recently breakout the short-term support line next prediction is will retrace some pips to test the resistance line as I mentioned in the chart or it can be moved down from this point to the next support line.
Hello everyone. My idea about USDCAD is this due to the recent statements of Goldman Sachs about USA hidden - upcoming recession plus JP Morgan has the same forecast. Moreover, I see a structure of rejection from the resistance indicating huge orderblocks + a form of LH and LL as I depict with the arrows and trendlines. So, I will enter short in case of break...
This is for short term And this is risky too. Please DYOR before entering the trade.
When I did a 4 hour chart analysis of USDCAD, it was found that a trend line is being drawn and a resistance is visible above, which if broken and retested once the price can go upside down. 🎉🎊
Bearish Bat , M Pattern, USDCAD, Reversal Zone at 1. 35600
USDCAD retreats from the highest level in 29 months as bulls appear to run out of steam. That being said, the recent moves of oscillators and the rising wedge bearish formation on the top teases sellers at the multi-month top. However, a clear downside break of the stated pattern’s support line, around 1.3930 by the press time, as well as the smashing of the...
A good shorting opportunity is incoming in USDCAD, as the prices have broke structure, just retracing to 0.5 levels before another fall, can get a good entry over here with the target mentioned on the chart.
USD/JPY break the up trend line or break the rising wedge pattern. Go for short trade.
Trading Ideas- Long positions above 1.3194 with targets at 1.3861 & 1.4168 Alternative scenario If price goes down 1.3194 look for 1.2956 & 1.2820 as targets. Supports and resistances 1.2956 & 1.2820 1.3861 & 1.4168
Shorting USD/CAD , It broke trendline and retested the trendline. Lets see what happens
Next Possibility Move Will Be 1.36800 to 1.37000 Support Then Again Upside Move Will Be 1.38000 to 1.38200 Daily Resistance Label. It can be a Good Zone For Shortopportunity if Price Face The label But Every Think Depend On What kind of market reacts to this label. DISCLAIMER: Before you invest/trade forex, please do your own research as I won't be held...
This is risky Before entering the trade do your own research!
Look like the usd index is dropping speedly, so we can expect the fall more. Use proper risk management !Happy Trading
good but setup for usdcad buy zone+2channels + weak candels